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Wednesday, May 2, 2012

6 US Companies that Bribed Foreign Officials

- - and Supported Lobbying against Anti-Bribery Laws

Never any jail time for these gangsters. Maybe we do need some heads to roll downhill, literally, Chinese Communist style, or stoning to death under Sharia law. There certainly has been no Christian justice for the shareholders, taxpayers, or consumers.

How can Americans expect any different outcome when they elect representatives that have no respect or allegiance to our rule of law?

Any respect the foreign citizens may have had for America drops down a few more notches with each payoff.


Wednesday, May 02, 2012
6 Companies that Bribed Foreign Officials and Supported Lobbying against Anti-Bribery Laws

Wal-Mart, exposed for bribing officials in Mexico, is by no means the only major American corporation to get busted recently for payoffs. In fact, the retail giant has plenty of company when it comes to breaking the law and supporting efforts to change the very laws that were violated.


Wal-Mart officials in Mexico got into trouble after they bribed Mexican leaders to the tune of $24 million as part of their push to expand the chain. Corporate executives back in the U.S. also were marred by the controversy after they tried to cover up the scandal.


While all of this was going on, business lobbying organizations—the U.S. Chamber of Commerce and the Retail Industry Leaders Association, of which Wal-Mart is a member—lobbied to weaken the 1977 Foreign Corrupt Practices Act (FCPA), which outlaws bribery abroad by businesses and others.

Other members of the Chamber also have been caught bribing foreign officials. Dow Chemical had to pay $325,000 to the Securities and Exchange Commission (SEC) in 2007 for FCPA violations.
The same thing happened to Shell and Halliburton, which settled with the SEC for paying off leaders in Nigeria. General Electric, another Chamber member, paid the SEC $23 million in 2010 for FCPA violations related to the Iraqi oil-for-food scandal, and yet another Chamber participant, IBM, reached a $10 million settlement with federal regulators for making improper payments to government officials in South Korea and China.
-Noel Brinkerhoff
To Learn More:
Halliburton Pays Nigeria $250 Million to Drop Charges against Dick Cheney (by Noel Brinkerhoff, AllGov) 


We would suggest including your own congressman in any submissions. It'll be an accountable reference for your follow-up.

Correspondence relating to the Foreign Corrupt Practices Act (FCPA) may be sent to:

U.S. Department of Justice
Criminal Division
Fraud Section
ATTN: FCPA Coordinator
Bond Building, 4th Floor
10th and Constitution Ave. NW
Washington, DC 20530-0001

By Fax
Facsimile - 202-514-7021
By E-Mail
Report a FCPA Violation via email to FCPA.Fraud@usdoj.gov

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